M&A Deal Summary

American Tower Acquires Global Tower Partners

On October 1, 2013, American Tower acquired communications company Global Tower Partners from Macquarie Bank for 4.8B USD

Acquisition Highlights
  • This is American Tower’s 6th transaction in the Communications sector.
  • This is American Tower’s 2nd largest (disclosed) transaction.
  • This is American Tower’s 7th transaction in the United States.
  • This is American Tower’s 2nd transaction in Florida.

M&A Deal Summary
Date 2013-10-01
Target Global Tower Partners
Sector Communications
Buyer(s) American Tower
Sellers(s) Macquarie Bank
Deal Type Divestiture
Deal Value 4.8B USD

Target

Global Tower Partners

Boca Raton, Florida, United States
website
Global Tower operates wireless communication towers.Global Tower Management, LLC (d/b/a Global Tower Partners, "GTP") is a leading operator of communications towers and related wireless infrastructure. Including the acquisition of Dobson Communication's tower assets, the company owns approximately 1,125 towers and manages over 3,000 rooftop sites.

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Buyer(S) 1

Buyer

American Tower

Boston, Massachusetts, United States

website

Category Company
Founded 1995
Sector Real Estate
Employees5,618
Revenue 8.0B USD (2020)
DESCRIPTION

American Tower is a independent owner, operator and developer of wireless and broadcast communication real estate. The Company's global portfolio includes over 99,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, American Tower provides customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. American Tower was founded in 1995 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 7 of 15
Sector (Communications) 6 of 12
Type (Divestiture) 2 of 2
State (Florida) 2 of 4
Country (United States) 7 of 12
Year (2013) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Central States Tower Holdings

Wheaton, Illinois, United States

Central States Tower II (CST II) is an owner/operator of wireless communications towers in 14 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-15 BR Towers

Sao Paulo, Brazil

BR Towers offers telecom tower sharing solutions that help driving mobile communication in Brazil. BR Towers works with experienced professionals that come from a highly qualified background in telecommunications. BR Towers is based in Sao Paulo, Brazil.

Buy -

Seller(S) 1

SELLER

Macquarie Bank

Sydney, Australia

website

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.9B AUD (2022)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.

DEAL STATS #
Overall 4 of 7
Sector (Communications) 1 of 1
Type (Divestiture) 3 of 5
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2013) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 America s Water Heater Rentals

Canonsburg, Pennsylvania, United States

America's Water Heater Rentals LLC is a residential water heater rental business with 85,000 customers in 14 states. Partnered with a fundless sponsor to purchase this non-core business from a large, Midwest utility

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Anaergia

Burlington, Ontario, Canada

Anaergia provides anaerobic digestion and the production of clean energy, fertilizer, and recycled water from organic waste streams. The company sells capital equipment and turnkey solutions internationally, and also has a growing portfolio of power generation and waste treatment facilities which it owns and operates. Anaergia is based in Burlington, Ontario.

Buy -
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